Carlos Hilado Memorial State College

Alijis Campus | Binalbagan Campus | Fortune Towne Campus | Talisay Campus

COLLEGE OF BUSINESS MANAGEMENT AND ACCOUNTANCY

COURSE SYLLABUS

COURSE CODE INCTAX 1 CREDIT UNITS 3 (3 LEC/0 LAB)

COURSE TITLE INCOME TAXATION HOURS/ WEEK 3
PREREQUISITE PROGRAM BSBA

To be a leading GREEN institution of higher learning in the global community by 2030.

VISION OF THE INSTITUTION (GREEN stands for Good governance, Research-oriented, Extension-driven, Education for Sustainable Development
and Nation-building)

We value… Every CHMSCian is…

CORE VALUES & ATTRIBUTES
 EXCELLENCE  COMPETENT
 COMPASSION  COMPASSIONATE
 ENVIRONMENT  ENVIRONMENTALLY RESPONSIBLE
 LOVE OF COUNTRY  a NATION BUILDER
 SERVICE  an ENGAGED CITIZEN
 A leading green institution in higher and continuing committed to engage in quality instruction, development-
oriented research, sustainable lucrative economic enterprise, and responsive extension and training services
MISSION OF THE INSTITUTION
through relevant academic programs to empower a human resource that responds effectively to challenge in life
and acts as catalyst in holistic development of a human society.

All learning activities within and outside the classroom shall be conducted in a manner that is inclusive, and
sensitive to and respectful of gender equality and persons with different learning abilities; and shall adhere to the
INSTITUTIONAL COMMITMENT values and principles of Education for Sustainable Development and the Greening CHMSC.

In consonance with the vision and mission of the institution, the College of Business Management and Accountancy
aims to:
a. promote and sustain quality education;

GOALS OF THE COLLEGE b. develop and sustain green research;

c. pursue sustainable income-generating projects and activities;
d. strengthen community extension involvement;
e. utilize research-based outputs to empower the community; and
f. develop and promote collaborative partnerships through local, national and international linkages.

PROGRAM EDUCATIONAL Program educational objectives are broad statements that describe what graduates are expected to attain within
OBJECTIVES (PEO) few years of graduation. Program educational objectives are based on the needs of the program’s constituencies
which aims to:
 1. Complete understanding of the concepts, principles and the theories of Financial Management;
2. Develop an understanding of the external environment which affects financial institutions and business
organizations;
3. Help the students seek employment and assume entry-level jobs or positions of responsibility as financial
analyst, financial manager, executive, and teaching career or graduate studies in business;
4. Design business research through the utilization of financial tools;
5. Draw sound decision using analytical tools and perspectives in the analysis of financial reports; and
6. Adhere to the values of integrity, professionalism, teamwork, transparency, accountability and social
responsibility in the practice of their profession.

The Bachelor of Science in Business Administration program aims to develop the capability/capacity/competence of
the students to:
PO 1 Perform management functions operationally and competently.
PO 2 Innovate business ideas based on emerging industries.
PO 3 Use appropriate tools to solve business problems.
PO 4 Demonstrate a sense of corporate citizenship and social responsibility when making individual and team
PROGRAM OUTCOMES (PO) decisions.
PO 5 Apply ICT skills as required by the business environment.
PO 6 Exercise moral and ethical standards when making decisions.
PO 7 Communicate clearly in oral and written forms.
PO 8 Practice gender sensitivity.
PO 9 Show sense of patriotism in words and deeds.
PO 10 Conduct business research.
COURSE DESCRIPTION This course is intended to give students an overview of the Philippine Tax System. These include basic principles
and rules of the income tax system that are applicable to individuals and corporations. This also covers a guide on
 how to file the income tax returns, know the prescriptive periods and the remedies of the taxpayers.
After completing this course, the student must be able to:
CO 1 Identify the different government offices handling the tax administrative functions;
COURSE OUTCOMES (CO) CO 2 Enumerate the officials of the Bureau of Internal Revenue and discuss its powers and extent of authority;
CO 3 Discuss the general principles and concepts of taxation;
CO 4 Know how to compute and prepare tax return of individual and corporation; and
CO 5 Discuss the tax remedies available to the government and to the taxpayer

CURRICULAR MAP ON COURSE LEARNING OUTCOMES AND PROGRAM OUTCOMES

PROGRAM OUTCOMES (PO)

COURSE OUTCOMES
1 2 3 4 5 6 7 8 9 10
CO 1 Identify the different government offices handling the tax administrative functions; I I I I
CO 2 Enumerate the officials of the Bureau of Internal Revenue and discuss its powers and
I I I I
extent of authority;
CO 3 Discuss the general principles and concepts of taxation I I I I
CO 4 Know how to compute and prepare tax return of individual and corporation D D D D D D D E
CO 5 Discuss the tax remedies available to the government and to the taxpayer I I I I E

Legend: I – introductory, E – enabling, D – demonstrative

(Map PEO – CO-PO)
COURSE REQUIREMENTS
 Individual Income Tax Return AND Term Paper

WEIGHT (%) TO
WEIGHT (%) TO FINAL GRADE PASSING
ASSESSMENT TOOL END TERM
MID-TERM EVALUATION GRADE
GRADE (ETG)
GRADE (MTG)

Formative Assessment
Quizzes, Tests 40 40
Assignments, Seat works 10 10
Output 20 20

GRADING SYSTEM 50% MTG + 50%

75
ETG

Summative Assessment
Examination
30 30
COURSE CONTENT
TIME TEACHING AND INSTRUCTIONAL
LEARNING OUTCOMES ASSESSMENT
ALLOT- TOPICS LEARNING MATERIALS
(LO) TOOLS
MENT ACTIVITIES
Week 1 At the end of the lessons, the Orientation
students must be able to: The VMGO of the institution Active participation of all
The Course and its role in attaining the VMGO students is expected in
1. Distinguish the unique role of CHMSC Principles of Teaching and Gender and the discussion.
and of BSBA in the preparation of their Development
profession.

2. Cite the role of the course in the

attainment of the VMGO and the
department goals and objectives.

3. Relate to the ideals of gender and

development issues.
Week 2 At the end of the lessons, the Discussion using Text book Quiz
students must be able to: Overview of the Powers and Authority of the Question Approach references
Commissioner of Internal Revenue Assignment
1. Identify the different government 1. Tax Administration Cooperative Learning Hand outs
Class Recitation
offices handling the tax administrative 2. Tax Administrative Agencies
functions; 3. Important Tax Officials Periodic Exam
2. discuss the powers and duties of the 4. Powers and Duties of Tax Officials
Bureau of Internal Revenue; 5. Registration Requirements
3. enumerate the officials of the Bureau of
Internal Revenue;
4. Enumerate the powers and extent of
authority of the Commissioner of Internal
Revenue.

Week 3 At the end of the lessons, the General Principles and Concepts of Taxation Discussion using Text book Quiz
to students must be able to: 1. Taxation Defined Question Approach references
Assignment
Week 5 2. The Nature of Taxation
1. Define what is taxation; 3. Basis of Taxation Cooperative Learning Hand outs
Class Recitation
2. Identify the inherent power of the
 sovereign state; 4. Objectives or Purposes of Taxation Periodic Exam
3. Distinguish the similarities and 5. Stages or Process of Taxation
differences among taxation, eminent Outputs
6. Principles of a Sound Tax System
domain and police powers; 7. The Inherent Powers of the State
4. describe the nature of taxation power; 8. Similarities and Distinction among Three
5. Discuss the basis, purpose and scope of Powers of the State
taxation; 9. The Scope of the power of Taxation
6. Identify the constitutional and inherent 10. Limitations on the Power of Taxation
limitations; 11. Certain Doctrines in Taxation
7. Enumerate the aspects of taxation;
12. Situs of Taxation
8. Define what is situs of taxation;
13. Definition, nature, Classification and
9. Describe the principle of sound tax
Essential Characteristics of Taxes
system.
14. Definitions, Nature, Sources and
Applications of Tax Laws
At the end of the lessons, the Income Tax on Individuals Lecture using Text book Quiz
Week 6 1. Definition of Individual Taxpayers Deductive references
students must be able to: Assignment
to
2. Classifications of Citizens for Taxation Approach
Purposes Hand outs
1. Identify the different classification Class Recitation
Week 9 3. Classifications of Aliens for Taxation Discussion using
of individual taxpayers;
2. Identify who among the individual Purposes Question Approach Problem Set
taxpayers are classified as 4. General Principles of Individual Income
Problem Set Periodic Exam
ordinary taxpayers or special Taxes
taxpayers; 5. Classification of Taxes on Individual Brainstorming Income Tax
3. Define what is income for tax Taxpayers Return
6. Taxable Income and Income Tax Due Cooperative Learning
purposes;
4. Identify the classification and 7. Deductions from Income of Individual
taxability of income; Taxpayers
5. Identify the procedures required 8. Passive Income
for claiming personal exemptions; 9. Returns of Parent to be Include Income of
6. Compute the individual income Children
tax. 10. Capital Gains Tax
11. Summary of Tax Base and Tax Rates on
Individuals
12. Non-Resident Alien’s Income Taxes
13. Tax on Senior Citizens
14. Tax on Special Aliens

Week 10 to At the end of the lesson, the students
Week 11 must be able to :
1. Define and classify corporate
taxpayers;
2. Identify the classification and
taxability of income of a
corporation;
3. Discuss the concept of Normal
Corporate Income Tax (NCIT) and
Minimum Corporate Income Tax
(MCIT);
4. Compute income taxes using the
Normal Corporate Income Tax
(NCIT);
5. Compute income taxes using the
Minimum Corporate Income Tax
(MCIT);
6. Discuss the treatment of Special
Corporation;
7. Compute income tax due of
Special Corporate Taxpayers.
15. Tax Credit
16. Individual Return
17. Financial Statements Attached to the
Income Tax Returns upon Filing
18. Annual Declaration and Quarterly Payments
of Income Tax for Individual Taxpayers
19. Exempt Individual Taxpayers to File Income
Tax Returns
Income Tax on Corporation Lecture using Text book Quiz
1. Concept of Corporation Deductive references
Assignment
2. Classification of Corporate Taxpayers Approach
3. Domestic and Foreign Corporation Hand outs
Class Recitation
4. Taxes on Corporate Income Discussion using
5. Normal Corporate Income Taxes Question Approach Problem Set
6. Minimum Corporate income Taxes
Problem Set Periodic Exam
7. Carryforward of Excess Minimum Corporate
Income Taxes Brainstorming Outputs
8. Accounting Treatment of MCIT
9. Gross Income Tax Cooperative Learning
10. Capital Gains Tax
11. Passive Income
12. Special Domestic Corporation
13. Special Resident Foreign Corporation
14. Special Non-Resident Foreign Corporation
15. Corporate Returns

Week 12 At the end of the lesson, the students Concept of Income Text book Quiz
must be able to : 1. Concept of Income references
to 1. Identify what are the inclusions in 2. Characteristics of Taxable Income Assignment
gross income; 3. When to Report Income Hand outs
Week 13 Class Recitation
2. Identify the taxable and non- 4. Classifications of Income/
 taxable gross income;
3. Identify the classification of gross
compensation income;
4. Discuss the treat of fringe benefits
for taxation purposes.
5. Identify the classification of gross
income from business;
6. Determine the taxability of passive
income;
7. Identify the tax rates applicable to
income subject to final taxes.
Week 14 At the end of the lesson, the students
must be able to :
to 1. Identify allowable deductions for
both individual and corporate
Week 15
taxpayers;
2. Identify the differences between
itemized and optional standard
deductions;
3. Identify expenses incurred by a
taxpayer to be deductible;
4. Identify expenses are fully and
partly deductible.
Week 16 At the end of the lesson, the students
must be able to :
5. Sources of Income Problem Set
6. Forms of Income
7. Basis of the Government’s Right to Impose Periodic Exam
Tax
8. Gross Income Defined
9. Gross Compensation Income
10. Classifications of Gross Compensation
Income
11. Valuation of Gross Compensation Income as
Basis of Tax
12. Gross Income from Business/Profession
13. Classification of Gross Income from
Business/Profession
14. Gross Income from Manufacturing,
Merchandising and Servicing
15. Interest, Rental, Royalty, and Dividend
Income
16. Annuities; Prizes and Winnings; pension;
Partner’s Distributive Profits; Income from
whatever source; Illegal Income; and Bad
Debt Recovery
Deductions from Gross Income Text book Quiz
1. Nature of Deductions references
2. Kinds of Deductions Assignment
3. Special Deductions Hand outs
Class Recitation
4. Optional Standard Deductions
5. ITEMIZED Deductions Problem Set
6. General Business Expenses
7. Requisites for Deductibility of General Periodic Exam
Expenses Outputs
8. Salary, Travelling, Rent, Representation,
Interest, Taxes, Bad Debts, Depreciation,
Pension Trusts; Charitable and Other
Contributions; and Research and
Development Expenses
Tax Return Preparation and Tax Payments Text book Quiz
1. Individual and Corporate Returns references
 to 1. Identify the applicable tax returns 2. Financial Statements Attached to the Hand outs Assignment
to be prepared by different Income Tax Returns
Week 17 taxpayers; 3. Annual/Quarterly Payments of Income Tax Class Recitation
2. Prepare income tax returns; 4. Installment Payment of Tax Problem Set
3. Discuss the deadline of filing tax 5. Exempt Individual Taxpayers to File Income
returns and payment of tax dues. Tax Returns Periodic Exam
Outputs
Week 18 At the end of the lesson, the students Penalties and Remedies of the taxpayer Text book Quiz
must be able to : 1. Tax Administration Aspects references
1. Discuss the process and 2. Assessment Procedure Assignment
procedures of tax assessment; 3. Remedies available to the Government to Hand outs
Class Recitation
2. Discuss the remedies of the enforce collection of taxes
government; 4. Distraint of Personal Property Problem Set
3. Discuss the remedies of the 5. Levy of Real Property
6. Civil or Criminal Action Periodic Exam
taxpayers;
4. Identify the prescriptive periods Term Paper
for assessment and collection.
Main Textbook:

REFERENCES 1. Hector S. De Leon 2013. The Law on income Taxation. Rex Bookstores, Inc
2. Crescencio P. Co Untian, Jr. 2008. Tax Accounting Digest
3. Edwin G. Valencia & Gregorio F. Roxas. Income Taxation – Principles and Laws with Accounting Applications
PREPARED BY: REVIEWED BY: APPROVED BY:

GEOFREY A. RIVERA, CPA, MBA GEOFREY A. RIVERA, CPA, MBA IMEE R. PERANTE, DFTech
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FACULTY PROGRAM CHAIRPERSON DEAN